Commonwealth Equity Services LLC Makes New $61.92 Million Investment in Capital Group Core Plus Income ETF $CGCP

Commonwealth Equity Services LLC purchased a new position in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) during the third quarter, Holdings Channel reports. The fund purchased 2,924,929 shares of the company’s stock, valued at approximately $61,921,000.

Other institutional investors also recently added to or reduced their stakes in the company. WNY Asset Management LLC bought a new position in Capital Group Core Plus Income ETF during the first quarter valued at about $94,023,000. Bernardo Wealth Planning LLC increased its holdings in Capital Group Core Plus Income ETF by 104.1% during the third quarter. Bernardo Wealth Planning LLC now owns 2,531,520 shares of the company’s stock worth $53,592,000 after buying an additional 1,291,232 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Capital Group Core Plus Income ETF during the third quarter worth about $23,316,000. Valmark Advisers Inc. raised its position in Capital Group Core Plus Income ETF by 99.0% in the first quarter. Valmark Advisers Inc. now owns 2,084,059 shares of the company’s stock worth $46,558,000 after acquiring an additional 1,036,587 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Capital Group Core Plus Income ETF by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 12,369,670 shares of the company’s stock worth $275,720,000 after acquiring an additional 884,794 shares during the period.

Capital Group Core Plus Income ETF Stock Down 0.2%

CGCP opened at $21.64 on Friday. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a twelve month low of $21.08 and a twelve month high of $22.90. The company’s 50-day moving average price is $21.53 and its two-hundred day moving average price is $22.17.

Capital Group Core Plus Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a dividend of $0.0895 per share. This represents a $1.07 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, October 30th. This is a decrease from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925.

Capital Group Core Plus Income ETF Profile

The Capital Group Core Plus Income ETF (CGCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in bonds and other debt securities issued by corporate and government entities from around the globe, with no limitations regarding credit ratings and maturities. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.